UK drug dealers bought a bank in Kyrgyzstan to funnel £1 billion into Russia’s war machine
Criminal group acquired 75% of Kyrgyz bank to funnel payments to Russian military.
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Economy
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economy
London orders PrivatBank oligarchs to pay Ukraine $3bn for largest bank fraud in country’s history
The ruling finalizes an eight-year pursuit of losses equal to 1.5% of Ukraine's GDP, though collecting the money won't be easy
Kyiv ratifies century-long pact with UK, while security guarantees hang in balance
The majority of Ukrainian deputies vote for the historic agreement between the two states.
Moscow resurrects Leningrad and Moscow military districts, builds new divisions as part of its largest rearmament since Soviet collapse
Russia is transitioning into a wartime state to reshape th global order.
Ukraine nationalized its way out of crisis—now it can’t stop making money
The emergency worked too well. And that's actually a dangerous thing.
Bloomberg: Russian banks fear systemic crisis within 12 months as Ukraine war debt mounts
Russian banks are sitting on trillions of rubles in bad debt as corporate and retail borrowers struggle with 20% interest rates, creating what banking officials privately describe as a dangerous situation that could trigger systemic crisis within a year.
Putin signs law allowing teen employment in state-run “brigades” as Russia’s GDP growth hits two-year low
Putin signs law permitting teenage employment in state-run organizations as Russia's economy slows to 0.8% growth amid war expenditures, 21% interest rates, and severe labor shortages in critical sectors.
Reuters: Russian authorities see rising economic risks, internal reports show
Sources close to the news outlet note that Vladimir Putin himself has grown increasingly concerned about Russia's economy.
Russo-Ukrainian war, day 1079: Ukrainian forces push deeper into Kursk Oblast
Meanwhile, France has delivered its first batch of advanced Mirage 2000-5F fighters to Ukraine.
Ukrainian bonds hit record high as markets bet on Trump’s peace plan
Ukrainian dollar bonds reach 60 cents, driven by investor optimism over potential peace talks, though analysts warn of risks from a hasty settlement without security guarantees.
Bloomberg: EU is likely to delay Russian energy phase-out plan
"EU delays Russian energy phase-out plan amid record LNG imports, as ten member states push for stricter measures while the Europen Commission aims for complete independence by 2027.
“Running around on cocaine”: Analysts unveil fragile foundations of Russian wartime growth
Analysts warn that the Kremlin’s reliance on shadow financing, soaring inflation, and a labor shortage are creating cracks in the facade of resilience, with some predicting a looming financial crisis driven by unsustainable military spending.
Russia forced banks to secretly fund half its war costs. Can its economy survive? What does this mean for Ukraine?
Moscow's secret war spending has forced regular businesses to borrow at a crippling 21% interest rate - creating an economic time bomb that could end the war.
World Bank projects 2% growth for Ukraine in 2025 despite ongoing war
Despite showing resilience with projected 2% growth in 2025, Ukraine's economy faces a lengthy path to recovery, with pre-invasion GDP levels not expected until 2030 due to widespread infrastructure damage and hostilities.
Ukraine’s EU exports surge to $ 25 billion in 2024 due to visa-free trade regime with bloc
Trade between Ukraine and the EU reaches new heights under visa-free regime, with Ukrainian goods gaining unprecedented access to European markets ahead of planned agreement updates.
UK Intelligence: Russia plans to write off 411,000 soldier loans amid 1,532 daily losses
The Kremlin's $94,400 per-soldier debt relief threatens to destabilize Russian banks already weakened by sanctions and high interest rates.
The Economist: Ukraine is winning economic war against Russia
The sustainability of this economic resistance faces critical threats from severe labor shortages, energy vulnerabilities, and most importantly, uncertainty around continued Western financial support.
Ukraine’s economic growth expected to reach 4% in 2024, but slow in 2025 due to labor shortages
A return to Black Sea trade boosts 2024 growth, but labor and energy constraints dampen longer-term prospects.
IMF: More profitable for partners to finance Ukraine now, instead of financing consequences of defeat
The representative argues that the economic ripple effects of a Russian victory would far exceed the price of current aid packages to Ukraine.
Ukrainian strikes reduce Russian oil refining by nearly 17%
Ukraine's use of various weapon types to strike deep into Russian territory is having a substantial effect on Russia's energy exports, according to a high-ranking NATO official.